Universal electronic transaction card including receipt storage and system and methods of conducting electronic transactions

• US 5,590,038 A
• Filed: 06/20/1994
• Issued: 12/31/1996
• Est. Priority Date: 06/20/1994
• Status: Expired due to Term

• Current Assignee: Satyan G. Pitroda
• Original Assignee: Satyan G. Pitroda
• Inventors: Pitroda, Satyan G.
• Primary Examiner(s): Weinhardt, Robert A.
• Application Number:
  US08/262,307
• Time in Patent Office: 925 Days
• Field of Search: 364/401, 364/406, 364/408, 235/379, 235/380, 235/492
• US Class Current: 705/41
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 20/02 involving a neutral party, e.g. certification authority, notary or trusted third party [TTP]
• CPC Class Codes: G06Q 20/023 the neutral party being a clearing house
• CPC Class Codes: G06Q 20/04 Payment circuits
• CPC Class Codes: G06Q 20/105 involving programming of a portable memory device, e.g. IC cards, "electronic purses"
• CPC Class Codes: G06Q 20/20 Point-of-sale [POS] network systems
• CPC Class Codes: G06Q 20/227 characterised in that multiple accounts are available, e.g. to the payer
• CPC Class Codes: G06Q 20/341 Active cards, i.e. cards including their own processing means, e.g. including an IC or chip
• CPC Class Codes: G06Q 20/3415 Cards acting autonomously as pay-media
• CPC Class Codes: G06Q 20/3576 Multiple memory zones on card
• CPC Class Codes: G06Q 20/4093 Monitoring of device authentication
• CPC Class Codes: G07F 7/1008 Active credit-cards provided with means to personalise their use, e.g. with PIN-introduction/comparison system
• CPC Class Codes: G16H 10/65 stored on portable record carriers, e.g. on smartcards, RFID tags or CD
• CPC Class Codes: Y02A 90/10 Information and communication technologies [ICT] supporting adaptation to climate change, e.g. for weather forecasting or climate simulation

Abstract

A universal electronic transaction card ("UET card") is capable of serving as a number of different credit cards, bank cards, identification cards, employee cards, medical cards and the like. The UET card includes information storage elements, an input interface, a processor, a display, and a communications interface. In a preferred embodiment, the display is a touch-sensitive display which provides the user with a number of graphical images which enable the user to selectively chose the type of "credit card" to use for a transaction, and to then choose a particular credit card to use with the transaction. After the choice is made, a graphic image appears on the display which looks like the face of a plastic credit card, including the account number, the user'"'"'s name, the name of the credit card company and its logo. Thereafter, the user presents the UET card to the point of sales terminal for a sales transaction. After proper verification with the main computer of the service provider, the sales transaction information is transferred and stored in the UET card by the point of sales terminal to eliminate paper receipts and facilitate future storage, verification and analysis for billing, budgeting and financial management and using a home or office personal computer or other facilities. The invention also includes methods of issuing account authorization to a UET card, a method of transferring transactional and account information between a UET card and a personal computer or mainframe computer, a method of using the UET card as a remote terminal for a mainframe computer, and a method of conducting an electronic transaction.

Claims

1. A universal electronic transaction card for storing, transmitting, and receiving information, including personal information for a user of the universal electronic transaction card, account information for accounts with service institutions in which the user has an account, and transactional information for accounts with service institutions in which the user has an account, for a plurality of service institutions comprising

a. housing means for housing inputting means, memory means, communications means, display means, and processing means, the housing means adapted to fit in a pocket or purse;

b. inputting means for inputting information, including personal information for the user, account information for a plurality of service institutions in which the user has an account, and transactional information for each service institution for which account information exists, into the memory means;

c. memory means for storing information, including personal information for the user, account information for a plurality of service institutions in which the user has an account, and transactional information for each service institution for which account information exists;

d. communications means for electronically communicating information, including personal information, account information, and transactional information, with service institutions;

e. display means for displaying a replica of a card corresponding to a selected service institution and for displaying information for a plurality of service institution accounts, including personal information, account information, and transactional information;

f. processing means for processing information, including personal information, account information, and transactional information; and

g. means for providing and storing electric power.

2. The universal electronic transaction card of claim 1 in which the display means comprises a touch-sensitive display that receives handwriting from the user.

3. The universal electronic transaction card of claim 2 in which the touch sensitive display further includes means for displaying a plurality of service institutions as graphic images on the touch sensitive display to enable the user to select one service institution from a group of service institutions in order to proceed with a transaction using the card.

4. The universal electronic transaction card of claim 2 in which transactional information is displayed on the touch sensitive display and is stored in the memory means.

5. The universal electronic transaction card of claim 2 in which transactional information includes an image of a receipt of a transaction.

6. The universal electronic transaction card of claim 5 in which the image of the receipt includes an image of the user'"'"'s signature.

7. The universal electronic transaction card of claim 3 in which the touch-sensitive display is provided with multiple levels of menus, including at least one level enabling the user to select from groups of service institutions, and at least one other level enabling the user to select a particular service institution.

8. The universal electronic transaction card of claim 1 in which the display means further comprises means for inputting the signature of the user into the memory means and for displaying the signature on the display.

9. The universal electronic transaction card of claim 8 in which the means for inputting the signature of the user further comprises means for means for inputting a signature into a semi-permanent memory during initialization of the universal electronic transaction card and also comprises means for inputting a signature into the transactional information during a financial transaction.

10. The universal electronic transaction card of claim 8 in which the means for inputting the signature of the user further comprises means for visual comparison of the user'"'"'s signature with a previously stored signature.

11. The universal electronic transaction card of claim 1 in which the replica includes the user'"'"'s name and account number.

12. The universal electronic transaction card of claim 1 in which the replica includes the user'"'"'s signature.

13. The universal electronic transaction card of claim 1 in which the image size of the replica is approximately the size of a credit card.

14. An electronic transaction system comprising

a. a plurality of universal electronic transaction cards for inputting, storing, processing, and transmitting personal information, account information, and transactional information for a plurality of service institutions, each universal electronic transaction card comprising inputting means for inputting information, including personal information for the user, account in formation for a plurality of service institutions in which the user has an account, and transactional information for each service institution for which account information exists, into memory means;

memory means for storing information, including personal information for the user, account information for a plurality of service institutions in which the user has an account, and transactional information for each service institution for which account information exists;

communications means for electronically communicating information to and from the memory means, including personal information, account information, and transactional information, with service institutions; and

display means for displaying information for a plurality of service institution accounts, including personal information, account information, and transactional information and for displaying a replica of a card corresponding to a selected financial institution; and

processing means for processing information, including personal information, account information, and transactional information;

b. a point of transactions system including means for inputting and storing transactional information;

means for electronically communicating with the universal electronic transaction card to receive account information;

means for electronically communicating the account information and transactional information to an institutional system; and

means for electronically communicating transactional information to the personal electronic transaction card;

c. an institutional system, including means for creating account numbers;

means for assigning and authorizing account numbers;

means for electronically communicating an authorized account number to a universal electronic transaction card;

means for receiving and storing personal information for each authorized account number;

means for communicating with a personal electronic transaction card to authorize account transactions, and means for receiving and storing information relating to account transactions; and

,

d. a communications system for providing communications between the universal electronic transaction card and point of transactions system and between the point of transactions system and the institutional system, including card interfacing means for interfacing between the transactional provider system and the universal electronic transaction card to exchange electronic information; and

communications means for communicating with the institutional system.

15. The electronic transaction system of claim 14 in which means for communicating with a personal electronic transaction card to authorize account transactions included in the institutional system further includes means to update credit card information.

16. The electronic transaction system of claim 15 in which means to update credit card information includes means to update a credit limit.

17. A method of conducting an electronic credit transaction using a service institution account comprising the steps of:

a. selecting from a universal electronic transaction card a service institution account from a group of service institution accounts;

b. establishing an electronic communication between the universal electronic transaction card, a point of transaction system and a service institution system;

c. transmitting from the universal electronic transactions card to the point of transaction system the account information for the selected service institution account;

d. transmitting from the point transaction system to the service institution system transactional information for the credit transaction and the service institution account;

e. in the service institution system, screening the service account and transactional information to determine whether the account is valid and whether the credit transaction is within predetermined credit limits for that account;

f. for valid accounts and credit transactions within predetermined limits, transmitting an authorization for the credit transaction to the point of transaction system, storing the transactional information for the credit transaction in the service institution system with respect to the service institution account, and transmitting the transactional information for the credit transaction to the universal electronic transaction card and storing the transactional information for the credit transaction in the universal electronic transaction card with respect to the service institution account.

18. The method of claim 17 further comprising the steps of:

a. displaying the transactional information, including an area for signature, on the universal electronic transaction card; and

b. signing the universal electronic transaction card in the area for signature defined by the displayed transactional information.

19. The method of claim 18 further comprising the step of comparing the signature on the displayed transactional information with a previously stored signature.

20. The method of claim 19 further comprising the step of storing the transactional information, including the user'"'"'s signature, in the universal electronic transaction card.

21. A method of transferring account information and accumulated transactional information for a plurality of credit transactions for a service institution account from a universal electronic transaction card to a personal computer comprising:

a. establishing an electronic communication between a personal computer and a universal electronic transaction card;

b. selecting at least one service institution account;

c. selecting from the at least one service institution account credit transactions for such account which were transacted in a predetermined period of time;

d. transmitting from the universal electronic transaction card the selected credit transactions to storage means in a personal computer.

22. The method of claim 21 in which the service institution has a predetermined monthly statement format and the selected credit transactions are thereafter displayed on the personal computer in the predetermined monthly statement format.

23. A method of using a universal electronic transaction card as a remote terminal for a service institution system comprising:

a. selecting a previously authorized service institution account from the universal electronic transaction card;

b. establishing an electronic communication between a personal computer and the service institution system for such service institution account;

c. transmitting to the service institution system from the universal electronic transaction card identifying information for the user and for the service institution account;

d. comparing the identifying information with authorization information in the service institution account to determine if the identifying information is valid;

e. for valid identifying information, communicating selected account and transaction information between the universal electronic transaction card and the service information system, responsive to commands communicated from the universal electronic transaction card to the service information system.

24. The method of claim 23 in which the service institution has a predetermined monthly statement format and the selected transactional information is thereafter displayed on the universal electronic transaction card in the predetermined monthly statement format.